Ajmera Realty & Infra India (ARIIL) has entered into a Share Purchase Agreement (SPA) with Keystone Realtors (KRL) to divest 50% equity shareholding in Ajmera Luxe Realty (ALRPL), a wholly owned subsidiary of ARIIL. Therefore, upon completion of the aforesaid transaction in terms of the SPA, ALRPL would cease to be a wholly owned subsidiary of the ARIIL.
Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.
